Inflation in Finland
Finland - Harmonized Inflation
Inflation stable for fifth month running in December
Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months. Looking at the details of the release, the print reflected higher prices for transport and restaurants and hotels. However, those were partly offset by lower prices for clothing and footwear.
Inflation came in at 0.2% in December, matching November’s reading. Meanwhile, the trend pointed downwards, with annual average inflation coming in at 0.3% in December, from November’s 0.4% print. Lastly, harmonized inflation came in at 0.2% in December, matching November’s print.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2021, which is unchanged from last month’s estimate. In 2022, our panelists see inflation averaging 1.5%.
Finland - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.2||0.4||0.8||1.2||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Finland Harmonized Inflation Chart
Source: Statistics Finland.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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January 15, 2021
Economic activity dropped 0.4% year-on-year in working-day adjusted terms in November, following the 1.8% fall recorded in October (previously reported: -1.9% year-on-year).
January 14, 2021
Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months.
January 12, 2021
The current account recorded a EUR 0.1 billion deficit in November, swinging from the EUR 0.3 billion surplus recorded the same month last year and from the EUR 0.4 billion surplus clocked in October.
December 15, 2020
Economic activity decreased 1.9% year-on-year in working-day adjusted terms in October, following the 2.1% contraction recorded in September (previously reported: -3.2% year-on-year).
December 14, 2020
Consumer prices decreased 0.07% in November over the previous month, swinging from October’s 0.10% increase.